/biz/ - Business & Finance

More details.

Sandwiched in between the majority of despair and pink wojak posts, seems legit. No sarcasm

Whatever the majority of biz thinks, do the opposite, make actual money.

We'll see about the timeline, but I was wrong on the acceleration to 5 digits, so I may be wrong on 6 and 7 too

Why is it on a log scale?

>>8555365
Because exponential growth. This article explains it pretty well: www.investopedia.com/ask/answers/05/logvslinear.asp

Also see pic related.

>>8555146
sorry OP, there aren't enough annotations on this chart, I can't read it

>>8555623
Try this one.

My expectation is $100K BTC by end of this year. Then crash to 20K in 2019. Then up to $1M by 2021.

holy shit nice fucking color choice

yellow with white
colorful shit everywhere

looks like 6 TA's mixed together

>>8555771
dumb

it has no reason to go to 100k this year

OP's scenario more realistic

>>8555822
did it have a reason to go to 20k last year

Where is PoS/PoL? (Proof of Short/Proof of Long)
Reminder to not trust any TA fag that does not show his LEVERAGED positions that concur with his analysis.
If he doesn't trust his money with his TA it's because it's not worth a shit.
>"but I don't like gambling"
So TA is not that solid if it's a gamble for you then?
Anyone can hold, not everyone can net profits on leverage and avoid liquidation until cashing out, it takes real skills and balls, because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.

>>8556166
the OP of that chart changed the fit, the curve is at about 8k right now. Search trololo on bitcointalk

>>8556200
Here's a more recent version.

This is such a comfy thread.

>>8556461
>This is such a comfy thread.
Hi

Anyone want to argue the bear case - i.e. bitcoin is worthless, bubble has popped, going to zero, muh late adopters etc.

>>8556671
Thanks just bought 1

>>8556671
>no real use
>clunky as hell
>reptilians wont allow it
>meme lines
>rose too much already
>what if mania phase was december, how to know it
>dump it

>>8555822
Says who? It will do whatever it wants to do if the money comes in. Its reason is worldwide adoption.

>>8556671
Wheres the money coming for the next run up though, normies or institutions?

>>8556857
both

>>8556857
ez

>>8556857
I think institutions are already accumulating quietly (low key), followed by normies and big-time institutional money once we get close to $20K again.

In that chart it looks like you predict BTC to go all the way to 1.5M then crash all the way back to $2,500? Ya okay.

I’ll make another thread latter addressing it in more detail, but this is what you wanna look at.
>pic related

>>8557232
Not my chart or prediction, but it might make sense. By 2021 BTC will be obsolete, surpassed by much superior technology. It might die completely.

>>8557354
>parabolic move is is 2 waves
>major and minor psychological resistances
>10, 1000 hard resistance
>100, 10000 mild resistance

>>8555146

I agree.

>>8557384
So yeah, OP is correct